Avolon settles lawsuit over $300M loss from seized planes after Russia invaded Ukraine.

Avolon, a major aircraft lessor, settled a lawsuit against insurers after losing over $300 million when Russian airlines seized 14 planes following the invasion of Ukraine. Avolon had previously written down the value of 10 of these aircraft to zero. The company also agreed to a 4% salary increase for most staff in 2025. Separately, personal loans in Ireland hit a record high, up 21.5% to €670 million, driven by car and home improvement credit.

6 weeks ago
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